IFAC FOCUS AREAS
- Accountability. Now.
- Adoption of International Standards
- Developing the Global Profession
- Global Representation and Advocacy
- Professional Accountants in Business
- Small and Medium Practices
Independent Standard-Setting Boards
The International Auditing and Assurance Standards Board sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.
The International Accounting Education Standards Board establishes standards, in the area of professional accounting education, that prescribe technical competence and professional skills, values, ethics, and attitudes.
The International Ethics Standards Board for Accountants sets high-quality, internationally appropriate ethics standards for professional accountants, including auditor independence requirements.
The International Public Sector Accounting Standards Board develops standards, guidance, and resources for use by public sector entities around the world for preparation of general purpose financial statements.
|Global Knowledge Gateway||
To help improve the management and operational efficiency of practices, especially small- and medium-sized accountancy practices (SMPs), this area is intended to help those managing practices to address opportunities and challenges; improve their competitiveness, profitability, and sustainability; enhance their expertise, competence, and efficiency; create an environment conducive to the provision of high-quality services; and showcase global best practices and latest practice management techniques. See the full overview.
by Diane Jules, Deputy Director, IESBA and Robyn Erskine, Partner, Brooke Bird & IFAC SMP Committee Member | September 12, 2018
The revised and restructured Code of Ethics will come into effect in June 2019; the IFAC SMP Committee has actively monitored and engaged on each aspect of the project to provide input and suggestions with a focus on matters that impact SME and...
There are 167 articles
How SMPs Can Invest in TechnologyInvesting in technology is crucial for small- and medium-sized practices’ future success—but many firms face the challenge of high-cost, high-level investment in order to keep pace.
by Samantha Mansfield, Director of Professional Development & Community, CPA.com | February 19, 2019
Transforming Your Practice for the FutureDuring the IFAC SMP Committee meeting in London in October 2018, there was a panel discussion on the “Practice of Tomorrow”—Three small- and medium-sized practices (SMPs) leads shared their insights and perspectives on how SMPs can transform into...
by George Willie, Managing Partner, Bert Smith & Co. (Moderator), Sara Harvey, Director of Hines Harvey Woods Ltd, Paul Kennedy, Partner of O’Byrne & Kennedy and Suzanne Spicer, Managing Director of Spicer & Co. | January 18, 2019
Future Implementation Support for International Standards on AuditingIFAC is exploring what future implementation support could be developed for practitioners to effectively and efficiently apply International Standards on Auditing.
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Dawn McGeachy, Principal, Colby McGeachy Professional Corporation | January 15, 2019
IFAC Global Knowledge Gateway Team Coverage: Digital CPA 2018In only a few years, CPA.com’s Digital CPA conference has established itself as an event with something for accountants from all areas, and a community that exists long after the last session ends.
by Bhumi Jariwala, Editor, IFAC Global Knowledge Gateway | December 7, 2018
The Practice of Tomorrow–How to Remain RelevantFor small practices to transform and remain relevant they should focus on professionalism, their business model and providing advisory services, together with leveraging technology tools.
by Christopher Arnold, Head of SME/SMP and Research, IFAC and George Willie, Managing Partner, Bert Smith & Co. | November 13, 2018
News and Resources
There are 1867 news/resources
El Reto de Los Horarios En Las Firmas Profesionales
CincoDias - February 4, 2019
Don’t Be Scared of the Robots; Embrace Them
Journal of Accountancy - January 28, 2019
The 'Anytime, Anywhere' Work Revolution
Accounting Today - January 7, 2019
Enhancing Your Firm's Online Presence
Advisor Perspectives - December 6, 2018
Three Tasks Your Organization Can Automate to Save Time
AICPA - November 30, 2018
From A(I) to Z: An Accountant’s Guide to Digitizing the Profession
CPA Practice Advisor - November 30, 2018
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